Monthly Archives: May 2009

GM now a penny stock

NEW YORK–Shares of General Motors Corp. fell below $1 on Friday for the first time in 76 years as the struggling automaker approached a government-imposed restructuring deadline and a likely filing for Chapter 11 bankruptcy protection.

GM shares lost more than 22 per cent to fall as low as 87 cents in morning trading. It was the stock’s lowest trade since April 18, 1933, according to the Center for Research in Security Prices at the University of Chicago. Continue reading

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Major shakeup

The federal government announced Thursday a major shakeup of Atomic Energy of Canada Ltd. Ottawa plans to sell AECL’s nuclear reactor business to the private sector, in a bid to boost worldwide sales of its CANDU reactors. The government wants … Continue reading

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